Core and Critical Competencies

Accounting 1.pages

(This Calendar is SUBJECT TO CHANGE)

Week of...

Monday

Tuesday

Wednesday

Thursday

Friday

January 15

No School

1st Semester Finals

Standard:

Learning Target:

Activities:

Hand Back and Discuss Final

Check for Understanding:

Standard:

Learning Target:

Activities:

Learn about the Business we will use for the Semester

Research Merchandising Businesses

Specialty Store - Big Box Store - Small Retailer

What do they carry? How much? What quantity? What variety?

Develop Pricing and Margin Order.

Discuss Markups and why?

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

January 22

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify the key components of corporation

Identify the function special journals.

Activities:

9-2 - Purchases Journal

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

9-3 Posting from the Purchases Journal

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Continue FFA Account Spreadsheet Creation

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

No Class

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Complete the Prep for FFA Accounts

Recordings and Balances of Accounts

Check for Understanding:

January 29

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Spreadsheets to organize financial information.

Activities:

Continue transactions to set FFA Account Balances for the next year.

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Using Spreadsheets to organize financial information.

Activities:

Finish Transactions and Establish Year End Procedures for FFA Accounts

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Identify the function of the Cash Payments journal.

Activities:

Finish Collecting Information and create the starting balances for the FFA Accounts.

Email Ms. Gent for further information. Once as far as you can continue to build the General Ledger for the new semester business that we started.

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

9.4 - Cash Payments Journal

09-4.pptx

Posting from Cash Payments Journal

09-5.pptx

9.4 and 9.5 WT
9.4 and 9.5 App

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Create the Cash Payments Journal in your Spreadsheet

General Ledger Accounts

Subsidiary Ledger Accounts Payable.

Check for Understanding:

February 5

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Create the Cash Payments Journal in your Spreadsheet

General Ledger Accounts

Subsidiary Ledger Accounts Payable.

Complete the 9.4 and 9.5 Application in Aplia

Check for Understanding:

Complete the 9.4 and 9.5 Application in Aplia

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Discuss Application Problems

Discuss Merchandise and its impact

Perform the Mastery Problem in your Spreadsheet

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Review Mastery Problem and Vocabulary

Check for Understanding:

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Purchases and Cash Payments Assessment

Check for Understanding:

February 12

Standard:

Complete the steps in the accounting cycle in order to prepare the financial statements.

Learning Target:

Activities:

Discuss the Selling of Merchandise - The Process and Steps

1.) Purchasing - Receiving and Preparing Merchandise.
2.) Markups - Margins %
3.) Sales Tax or Not

State Sales Tax
https://tax.iowa.gov/iowa-sales-and-use-tax-guide
- Obtaining Sales Tax Permit
- Filing Frequency/Due Dates

Taxable or Exempt - Sales tax and Local Option

https://tax.iowa.gov/iowa-sales-tax-food
Food and Beverage - What is taxed?

Check for Understanding:

1.) Discover if the items are taxable or not in Iowa. Use the sales tax guide link.

Goods
T-shirt, Shoes, Bread, Gatorade, Deodorant, Newspaper, Aluminum Tray, Plates, Pre-made Dinner, Donuts, Wine, M and M's, Apples, Cheez-Its

Services
Haircut, Oil Change, Delivery of Refrigerator, Tax Accountant, Dry Cleaning, Photography

Standard:

Learning Target:

Activities:

Discuss the Sales Tax Findings- What is taxable compared to non-taxable

Discuss processes of the business to account for sales tax.

Check for Understanding:

Standard:

Learning Target:

Activities:

Discuss the Sales Journal and Transactions involving Sales Tax

Create the Sales Journal in the spreadsheet

Practice Transactions and Posting Processes

Check for Understanding:

Standard:

Learning Target:

Activities:

Discuss the Sales Journal

Practice Transactions - 10.1 and 10.2 Application

Discover the Cash Receipts Journal and Common Transactions.

Credit Card Sales/Debit Card Sales - Impact
Fees and accepting those forms of payment (Batches)

Sales Discounts - Terms of Sale

How to record and how to post.

Check for Understanding:

Standard:

Learning Target:

Activities:

Complete the Cash Receipts Journal Prep

Prep all General Ledger Accounts

Prep Proofs Sheet

Complete 10.1 and 10.3 Application Problems

Check for Understanding:

February 19

Standard:

Learning Target:

Activities:

2.) Set up a formula to efficiently calculate the Sales Tax Credit Column in the Spreadsheet Document.

Discuss 10.1 and 10.3

Complete Transactions and Posting Procedures

10.5 Mastery Problem for Tomorrow

Standard:

Learning Target:

Activities:

No School - Ice Storm

Check for Understanding:

Standard:

Learning Target:

Activities:

No Class Due to College Visit

Check for Understanding:

Standard:

Learning Target:

Activities:

Discuss Mastery Problem

Review Content and Vocabulary

Assessment Monday

Check for Understanding:

No School - PD

February 26

Standard:

Learning Target:

Activities:

Complete Content and Vocabulary Portion

Begin Journal and Posting in the Spreadsheet.

Check for Understanding:

Standard:

Learning Target:

Activities:

Finish Assessment

Check for Understanding:

Standard:

Learning Target:

Activities:

Mr. Cory's Cookies - The Profit CNBC Episode

Standard:

Learning Target:

Activities:

Read 11.1 - 11.2 General Journal Transactions

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

March 5

Standard:

Learning Target:

Activities:

Begin General Journal Transactions

Prep General Journal in the Spreadsheet

Sales Returns and Allowances

11.1 - WT APP

Purchases Returns and Allowances

11.2 - WT OYO APP

Check for Understanding:

Standard:

Learning Target:

Activities:

Conferences

Discuss Spreadsheet and the General Journal Problems.

Finish General Journal Transactions and address Cash Discount and Tax Return in Cash Receipts Journal.

Check for Understanding:

Standard:

Learning Target:

Activities:

11.4 Mastery Problem

Check for Understanding:

Standard:

Learning Target:

Activities:

Conferences

Begin - Payroll Understanding and Payroll Taxes

LES_13-1.key

Guided Notes.pages

Discuss Payroll Topics
- Ways to pay employees
Salary, Hourly, Commission, Draw, Tips, Per Day/Job

How to pay employees

What Benefits to offer? What is the impact on the business?

Check for Understanding:

No School

March 12

Spring Break

March 19

Standard:

Learning Target:

Activities:

Review Payroll Topics
- Ways to pay employees
Salary, Hourly, Commission, Draw, Tips, Per Day/Job

How to pay employees?

Paying Employees - Process and Things to Consider
https://www.sba.gov/business-guide/manage-your-business/hire-and-manage-employees

Discuss
What Benefits to offer? What is the impact on the business?

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent - No Class

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent - No Class

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent - No Class

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent - No Class

March 26

Standard:

Learning Target:

Activities:

How to keep Track of Payroll

Time Card System - Visit the Office

Set Up a Google Forms to Track Time and gather data for a time card. - Work Together as a group to develop the system of time tracking.

Use the 13.1 WT, OYO and Practice Problems for Samples of Tracking Time

Finish Time Cards -

Check for Understanding:

Standard:

Learning Target:

Activities:

Discuss Time Card and Spreadsheet Template for employees to Calculate Time

Employee Taxes - Responsibilities of the Business

Payroll Tax Withholding

LES_13-2.key

App. 13.2

Determine Social Security and Medicare Rates on the same Gross Amounts.

Employer Tax Guide - Federal Tax
https://www.irs.gov/pub/irs-pdf/p15.pdf

Iowa Employer State Tax Tables
https://tax.iowa.gov/withholding-tax-information-0

Use the Tax Tables in the Tax Guide to Find Federal Withholding.

Federal W-4.pdf

IA W-4 .pdf

W4 and Tax Tables

Check for Understanding:

Standard:

Learning Target:

Activities:

Solving for Employee Taxes - Use the Employer Tax Guides and Table

Percentage Method - Tax Brackets

Check for Understanding:

Standard:

Learning Target:

Activities:

Preparing a Payroll Record

Solving for Federal Income Tax.docx

LES_13-3.key

Check for Understanding:

Standard:

Learning Target:

Activities:

Numbers Spreadsheet
WT - p. 318 #4-6

Earnings Register and Record - Prepare a Numbers Spreadsheet for each Employee.

Check for Understanding:

April 2

Standard:

Learning Target:

Activities:

Follow 13.3 and 13.4 - Application for a guide.

Create a Earnings Record/Payroll Register and Template for employees.

Link the Payroll Register to the Earnings Records so they update together

Prepare a Numbers Spreadsheet - Earnings Record
13.3 & 13.4 Application

Continue Numbers Spreadsheet

Create the Earnings Record - Summary of Earnings

How do they link.

Check for Accuracy and Correctness so the mastery problem and assessment can be completed correctly.

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent

Check for Understanding:

Standard:

Learning Target:

Activities:

Absent

Mastery Problem - Determine Payroll for the employees and their earnings.

Check for Understanding:

Standard:

Learning Target:

Activities:

Review Day - Content and Vocabulary

Check for Understanding:

Standard:

Learning Target:

Activities:

Prepare the Spreadsheet based on Employees Time Cards

Content Assessment - Vocab and Content - Payroll

Check for Understanding:

April 9

Standard:

Learning Target:

Activities:

Payroll Asssessment

Finish the Assessment

https://docs.google.com/a/wghawks.school/spreadsheets/d/1JwYHFx-VwNubZRlHj_0G7yCK8IZWt6qssfNsRGHc3eQ/edit?usp=sharing

Earnings and Time Cards

Health Insurance - $125

401(k)

6%=

Check for Understanding:

Standard:

Learning Target:

Activities:

Read and learn about the responsibilities of Payroll

https://www.thebalance.com/payroll-taxes-3193126

https://www.investopedia.com/articles/taxes/08/business-payroll-tax.asp

When finished reading, work on the Marketing Project.

Standard:

Learning Target:

Activities:

https://www.irs.gov/pub/irs-pdf/p15.pdf

Ch. 14 Payroll Accounting, Taxes, and Reports.

LES_14-1.key

Ch. 14 Guided Notes.pages

Paying Payroll - Journal Recording

Check for Understanding:

Ch. 14.2 Employer Payroll Taxes

LES_14-2.key

Discuss FUTA/SUTA, S.S. and Medicare

State Unemployment Tax Rules
http://www.payroll-taxes.com/state-tax/iowa

http://www.iowaworkforce.org/ui/stawrs/70-5007.pdf

Materials:

Check for Understanding:

Future Application:

Standard:

Learning Target:

Activities:

Complete 13.1 - WT, OYO and Application'

Begin to feel comfortable solving for FUTA taxes

Check for Understanding:

Standard:

Learning Target:

Activities:

Ch. 13.3 - Reporting Payroll and Withholding

Employer Check List - p. 5
https://www.irs.gov/pub/irs-pdf/p15.pdf

Due Dates for Employer Payroll Taxes p. 8

Check for Understanding:

April 16

Standard:

Learning Target:

Activities:

Discuss Tax Forms
Form 940 - FUTA
http://www.irs.gov/pub/irs-pdf/f940.pdf

Federal Quarterly Tax Return - Form 941
http://www.irs.gov/pub/irs-pdf/f941.pdf?portlet=103

https://www.irs.gov/pub/irs-pdf/i941.pdf

Discuss the W-2 and its elements
https://www.irs.gov/pub/irs-pdf/fw2.pdf

Form W3 - SSA
https://www.irs.gov/pub/irs-pdf/iw2w3.pdf

http://www.irs.gov/pub/irs-pdf/fw3.pdf

LES_14-3.key

13-3.pptx
Details
Download
2 MB

Check for Understanding:

14.3 App

WT - p. 351 #3-4
OYO – p. 351 #5-6

Application 14.4

Standard:

Learning Target:

Activities:

Form 941 Application Problem

Ch.14.4 Paying Payroll

13-4.pptx

LES_14-4.key

Check for Understanding:

14.5 Mastery Problem

Discuss Mastery - What Questions are there?

Review other transactions - Vocabulary and Content Review

Review for Assessment - Practice Problems

Standard:

Learning Target:

Activities:

Written Ch. 14 Assessment

Check for Understanding:

Standard:

Learning Target:

Activities:

Finish the Ch.14 Assessment

Form 941 and Journal Entries

Check for Understanding:

Standard:

Learning Target:

Activities:

No Class due to Prom Set Up

Check for Understanding:

April 23

Standard:

Learning Target:

Activities:

15.1 Worksheet for Merchandising Business

Prepare the Trial Balance for 15.1 WT, OYO, Application

Prepare it in the Spreadsheet - Google Sheets

Check for Understanding:

Standard:

Learning Target:

Activities:

Ch. 15 Guided Notes.pages

LES_15-1.key

AU – p. 371 #1-2
WT - p. 371 #3-5

15.2 Analyzing and Recording Adjustments

LES_15-2.key

AU – p. 377 #1-2
WT - p. 377 #3-4

15.3 Completing Worksheets

LES_15-3.PPT

AU – p. 384 #1-4
WT - p. 384 #5-11

Check for Understanding:

Standard:

Learning Target:

Activities:

Practice the Worksheet - Spreadsheet and Adjustments

Preparing for the Worksheet - Identifying Accounts

Accounts for the Worksheet - Student.pages

Go through Account Types - Complete the Worksheet

15.1 OYO - 15.3 OYO

Discuss the WT, OYO, and Accounts for the Worksheet

Check for Understanding:

Standard:

Learning Target:

Activities:

Go through the Practice Problem

15 - Mastery Problem

Check for Understanding:

Standard:

Learning Target:

Activities:

Check over Worksheets and Adjusting Entries

Discuss for Next Week

Check for Understanding:

April 30

Standard:

Learning Target:

Activities:

Prep Financial Statements - Income Statements, Balance Sheet, Statement of Stockholders Equity

Spreadsheet Prep

Check for Understanding:

Standard:

Learning Target:

Activities:

Discover 2 Merchandising Businesses on Yahoo! Finance in the same industry and save the links to their Income Statements.

Check for Understanding:

Standard:

Learning Target:

Activities:

Prep Financial Statements - Income Statements, Balance Sheet, Statement of Stockholders Equity

Spreadsheet Prep

Check for Understanding:

Standard:

Learning Target:

Activities:

Prep Financial Statements - Income Statements, Balance Sheet, Statement of Stockholders Equity

Spreadsheet Prep

Check for Understanding:

Standard:

Learning Target:

Activities:

Work Time to Prepare the Financial Statements

Check for Understanding:

May 7

Standard:

Learning Target:

Activities:

LES_16-1.key

Guided Notes .pages

Check for Understanding:

Finish Yahoo! Finance Discovery

WT - p. 396 #4-5
OYO – p. 396 #6-7

Complete App. 16.1

Standard:

Learning Target:

Activities:

Check for Understanding:

16.2 Component Percentages

LES_16-2.key

AU – p. 401 #1-3
WT - p.401 #4-5

16.2 Application

Standard:

Learning Target:

Activities:

Check for Understanding:

Discuss 16.2 Application

16.3 Distribution of Net Income

LES_16-3.key

16.3 WT

16.4 Preparing the Balance Sheet

LES_16-4.key

16.5

Discuss the Mastery Problem

Review for Assessment

Complete More Practice if necessary

Standard:

Learning Target:

Activities:

Check for Understanding:

16.3 Application

16.4 Application

Standard:

Learning Target:

Activities:

Prep and Share your Final Spreadsheet

Accounting 1 - 2nd Semester

Core and Critical Competencies

(This Calendar is SUBJECT TO CHANGE)

No School

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

9-3 Posting from the Purchases Journal

Check for Understanding:

Standard:

Learning Target:

Activities:

Continue FFA Account Spreadsheet Creation

Check for Understanding:

Standard:

Learning Target:

Activities:

No Class

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Finish Collecting Information and create the starting balances for the FFA Accounts.

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard:

Learning Target:

Activities:

Check for Understanding:

Standard: